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Remote eSign – Improve lending stats and member experience

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Published: 24 October 2018

Speaking from experience, if a member doesn’t finish an application for a loan or new account in one sitting, chances are that business won’t be realized. Credit Union professionals know this, and are searching for those end-to-end tools to turn incomplete apps into new business.Online application abandonment rates are at an all-time high. Some credit unions are experiencing as much as 98 percent abandonment with members that weren’t able to complete the application in one sitting. On the other hand, according to a recent study, one credit union using Remote eSign technology was able turn 71 percent of unfinished apps into new business for the credit union.

Remote eSign is one of those tools that credit unions can use to remove friction points in the application process. With Sharetec’s tight core integration, credit unions can increase revenue by providing members more flexibility for signing applications. What’s more, members can complete and sign from any device. Learn more at Sharetec.com.